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Singapore-based venture firm Jungle Ventures is digging deeper into Southeast Asia and India with the close of its fourth fund. Fund IV totals $600 million, with $450 million for new investments and $150 million earmarked for follow-up investments in its portfolio companies.
Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. TechCrunch first covered Funding Societies when it raised its Series A in 2016. million loan transactions.
AC Ventures (ACV) , a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). The fund is targeting $250 million and has raised 65% of that capital so far, mostly from limited partners who invested in ACV’s previous funds.
Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. The funding will be used to add more features to Omni, including a recruitment module by the third quarter and a performance enhancement module by the end of the year.
The startup has not disclosed the ratio of debt and equity (like many other e-commerce aggregators, Una uses debt funding to buy brands because it is non-dilutive). Co-founder and chief executive officer Kiren Tanna told TechCrunch the Series A is a priced round with a valuation more than five times Una’s last funding.
The company announced today it has raised $12 million in Series A funding led by Jungle Ventures, with participation from Tiger Global and returning investors like Bling Capital. Part of the funding will be used for the company’s second ESOP buyback for all employees. This brings inFeedo’s total raised since the U.S.-headquartered
There still exists a tech talent crunch, even in Singapore, where most layoffs and hiring freezes have happened because it’s regional headquarters for many international businesses and a startup hub. It’s a correction in general. It’s not all doom and gloom in two ways, and there are still positives,” Yeo said.
But the funding round fell short of the $400–500 million that TechCrunch reported the company was pursuing last October. It also built a pop-up vertiport in Singapore for a tech conference late last year. The power-to-weight ratio is a huge challenge for electric flight.
The conversion ratio for calories in versus calories out is seven to eight calories for a chicken for one calorie out, while plant-based is one calorie in and one out.”. Cultivated meat is just one of the approaches to meeting future demand for protein alongside plant-based and fermentation techniques.
As for where, Volocopter has conducted flight tests in Singapore, Helsinki, Dubai, and its headquarters in Bruchsal, Germany — so most likely in one of those cities. million) in a funding round led by Geely, the Chinese parent company of Volvo Cars. Tickets cost €300 ($355) and can be reserved with a 10 percent deposit.
Homebase , a Ho Chi Minh City-based proptech startup that helps people buy homes, announced today it has raised $30 million in equity and debt (the ratio was undisclosed). co, one of the largest property portals in Singapore and Indonesia. YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam.
Why raise more capital if it didn’t need the funds? The company also sports net retention figures of around 125%, and a strong ratio of account size versus customer acquisition costs. Notably LeadIQ has two main hubs, one in the United States and one in Singapore. Those are the sorts of metrics that SaaS investors covet.
million in pre-seed funding led by AC Venture and Alpha JWC, with participation from Living Lab Ventures and Ciputra Group. The funding will be used of product development, hiring and expanding its products. That is low copared to Malaysia and Singapore, which are at 30% or higher. The startup announced today it has raised $3.8
One of the biggest funding trends of the past year is companies that consolidate small e-commerce brands. Una did not disclose the ratio of equity and debt in the round. Una currently has teams in Singapore, Malaysia and Australia and plans to expand in Southeast Asia before entering Taiwan, Japan and South Korea.
While Opontia does not disclose the ratio of equity and debt, it confirmed that the majority was debt which will be used to make acquisitions. Before that, he spent years doing venture capital, investing and banking across Southern Africa, London, New York and Singapore.
Kredivo is operated by Singapore-based fintech FinAccel. He added that Kredivo’s effective risk-scoring model allows to charge low interest rates, and its non-performing loan ratio is in the low single-digits, despite the economic impact of COVID-19, which Garg described as a “trial by fire.”. The first round was closed in July 2020.
Chinese artificial intelligence firm DeepSeek launched a pair of state-of-the-art, open-source AI models that require far less computing power and capital than those of Western companies, sending shockwaves through Silicon Valley and the Wall Street firms that fund them. To date, they have donated around $12.5
The Singapore-based edtech platform announced today that it has raised $7.5 million in Series A funding from Kalaari. The funding will be used to start scaling Creative Galileo across Southeast Asia, hiring for local teams in Indonesia and Vietnam, its next markets. Capital, East Ventures, Affirma Capital and angel investors.
ByteDance could fetch a valuation of between $150 billion and $180 billion in an initial public offering, a premium relative to sales of as much as 20% to social media giant Tencent thanks to a larger global footprint and burgeoning games business, estimated Ke Yan , Singapore-based analyst with DZT Research. Dave Gershgorn / OneZero ).
These billionaires’ arsenals are funding everything from nerdy political science experiments to divisive partisan news sites to rivalrous attempts to overhaul the party’s beleaguered data file. Facts and logic aside, get ready: you’re about to hear a lot more cries from people complaining that they have been censored by Twitter.
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